Taxation

Stress unlisted firms may get tax incentives

"The purpose of shareholding transfer in such cases is not for tax planning or tax evasion but it represents a genuine transfer of assets for business reconstruction. So, disallowance of carried forward losses is not called for in the first place,"

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article appeared in Business Standard on 12th December, 2017.